You are right. Judging from the 9-months performance, it seems they are controlling the cost well and have returned to profitability. With staff costs being the largest pie of their expenses about 60%, I think their margins should benefit from the expansion into Asia as the wages here is generally lower as compared to Australia and also from product scalability. However, I'm assuming product pricing to remain similar across APAC.
Ann: JCurve Solutions Acquires Growing Digital Marketing, page-10
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